Course Specification
ACCT – 103
Principles of Financial Accounting
DEPARTMENT OF ACCOUNTING COLLEGE OF BUSINESS ADMINISTRATION
SALMAN BIN ABDULAZIZ UNIVERSITY
AL-KHARJ KINGDOM OF SAUDI ARABIA
Course Specification
Institution:College of Business Administration, Al Kharj,
Salman Bin Abdulaziz University.
Department : Accounting
A. Course Identification and General Information
1. Course title and code: Principles of Financial Accounting /Acct- 103
2. Credit hours: 3 (3+0+1)
3. Program(s) in which the course is offered: BSBA-Accounting 4. Name of faculty member responsible for the course: Dr. Masharique Ahmad
5. Level/year at which this course is offered: Second Year, Third Semester 6. Pre-requisites for this course : No
7.Location if not on main campus : College of Business Administration, Al-Kharj
B. Objectives
1. Summary of the main learning outcomes for students enrolled in the course.
This course is designed to provide the student with an introduction to financial accounting basics and procedures, and emphasis is placed on the study of the accounting system and the financial accounting cycles of service organizations and merchandising.
2. Briefly describe any plans for developing and improving the course that are being implemented.
The departmental research committee is underway to keenly pursue the research activity in the department. The research on application of tools and techniques not only expand and enrich the class room environment but also leads to new model building approach to the evaluation of the course. For developing and improving,
the course, would be updated the content periodically and refer latest editions books & references.
C. Course Description:
Topics No of
Weeks
Contact hours Introduction to Accounting: definitions and meaning,
Importance of Accounting, Accounting principles, users of
accounting information 2 8
Accounting System: classifications of accounts, Double Entry
system, Accounting Equations 3 12
Accounting cycle: Analysis and Recording Transactions,
dealing with journal and Ledger 4 16
Trial Balance : Meaning, Importance and Preparation of Trial
Balance 3 12
Financial Statements: Accounting for Merchandising
Operations, Accounting for Service Organizations 2 8
Total 14 56
2 Course components (total contact hours per semester):
Lecture:
3×14=42
Tutorial Practical
1×14=14 Other:
a. Knowledge
(i) Description of the knowledge to be acquired:
1. This course prepares students with a comprehensive introduction, meaning and
definition to principles of financial accounting, objectives, concepts and conventions, it also encourages students to put these concepts and skills into practice Identify & Discuss the different types accounting information users
2. After studying this course, students are expected to improve their basic
Knowledge about financial accounting, and effective Understanding about Accounting Systems and terminologies generally used in financial accounting.
3. Through this course, students would be able to handle accounting practice
practically, by getting the expertise knowledge of transactions, double effects of transactions, procedure of recording and summarize accounting transactions and posting process in ledger and its balances.
4. In addition to that, this course specifically helpful to know the procedure
preparing Trial Balance, Income Statement and Financial Statement.
5. Overall, the students would be able to recognise importance of Financial
Statements and Knowledge about Accounting Cycle which is practically serves the purpose of Service organization and Merchandising.
(ii) Teaching strategies to be used to develop that knowledge
Learning activities may include lectures, presentation and team efforts. Students are expected to read the textbooks or other assigned reading outside of and before each class, and to participate in the critical evaluation of the material through small-group
and class discussion.
(iii) Methods of assessment of knowledge acquired
1. Through, Quizzes and presentations. 2. Mid - Term exams and final examination. b. Cognitive Skills
(i) Cognitive skills to be developed 1. The ability to gather, and evaluate information
2. Problem solving within the context of Accounting tools and techniques 3. Independent critical analysis the validity of economic transaction 4. Classifying different kinds of accounts
5. Analysing nature accounting activities 6. Evaluating the reading materials
7. Verifying the concepts of accounting with practical illustration
(ii) Teaching strategies to be used to develop these cognitive skills
1. Correlate between different concepts across the domains. 2. Using Power Point Presentations. 3. Assigning practical questions that can be answered through collecting and
analysing data. 4. Synthesizing the information that students collect. 5. Class discussions
7. Using the instructor’s webpage learning activities. (iii) Methods of assessment of students cognitive skills
1. Quizzes 2. Conducting tests and examination 3. Course work, exercise assessment 4. Continuous unit feedback ( Mid term tests)
c. Interpersonal Skills and Responsibility
(i) Description of the interpersonal skills and capacity to carry responsibility to be developed Developing oral presentations
Communicating personal ideas and thoughts. Responding to class discussions.
Developing teamwork skills.
Collaboration to finish team assignments. Presenting topics on their reading.
(ii) Teaching strategies to be used to develop these skills and abilities
1. Solving the practical problem 2. Writing group reports 3. Using technology application tools including Microsoft office for writing
and presenting
(iii) Methods of assessment of students interpersonal skills and capacity to carry responsibility
1. Peers’ feedback 2. Instructor’s feedback 3. Grading group reports
(i) Description of the skills to be developed in this domain. The essential components of communication skills are based on developing
critical skills, observation, and feedback.
Encouraging students to use access resources i.e. library. Using the Internet to collect statistical data.
Using Accounting Packages Group discussions
(ii) Teaching strategies to be used to develop these skills
Group discussion Discussing Practical Problems Online study material or power points
(iii) Methods of assessment of students numerical and communication skills Providing opportunities for observed practice. Providing feedback. Encouraging self-assessment during the learning process
Evaluation Plan;
Assessment Assessment task (e.g. essay, test, group project, examination etc.)
No. of Times Proportion of Final Assessment 1 Home Assignments 3 10%
2 Mid Term Examination – 1 (Flexible) 1 15% 3 Mid Term Examination – 2 (Flexible) 1 15%
4 Quizzes 3 10%
5 Mini Project/ Presentation 1 10%
6 Final Examination 1 40%
Total 10 100%
1. Arrangements for availability of faculty for individual student consultations and academic advice.
During office hours, 6 hours per week. E Learning Resources
1. Required Text(s)
1. Financial Accounting IFRS 2011 Updated International Student Version,
Weygandt, Kimmel & Kieso , John Wiley , 2011
2. Essential Reference
1. Fundamental Accounting Principles: Wild; Larsen; Chappeta, Mc.Graw Hill,
Edt.18th
2. Accounting principles II , Minbiole, Elizabeth A , IDG Books , 2012
3. Accounting principles , Weygandt, Jerry J , D.E. Kieso, And P.D kimmel , John Wiley & Sons , 2012
3- Recommended Books and Reference Material (Journals, Reports, etc)
1. “The Journal of Accounting” A publication of the American Institute of Certified Accountants. 2. “The Accounting Review” by American Accounting Association. 3. “The Journal of Accounting” Research, university of Chicago. 4. “Accounting and Finance” New Zealand &Australia 4-.Electronic Materials, Web Sites etc
Websites on the internet that are relevant to the topics of the course http://www.aicpa.org/
http://www.fasb.org/
http://www.futureaccountant.com/accounting-process/
http://www.accountingcoach.com/online-accounting-course/60Dpg01.html
5- Other learning material such as computer-based programs/CD, professional standards/regulations
Multi media associated with the text book and the relevant websites F. Facilities Required
Accommodation :
Lecture room with a capacity of more than 25 seats along with white board, smart board, projector and internet connection.
G Course Evaluation and Improvement Processes
1 Strategies for Obtaining Student Feedback on Effectiveness of Teaching
1. Course evaluation by students. (At the end or in between the Semester)
2. Students-faculty meeting.
2 Other Strategies for Evaluation of Teaching by the Instructor or by the Department
1. Peer consultation on teaching. 2. Department council discussion.
3. Discussions within the group of faculty teaching the course.
3 Processes for Improvement of Teaching
1. Conducting workshops given by experts on the teaching and learning methodologies. 2. Periodical departmental revisions of the methods of teaching.
3. Monitoring of teaching activities by senior faculty members.
4. Processes for Verifying Standards of Student Achievement
1. Providing samples of all kind of assessment in the departmental course portfolio of each course.
2. Assigning group of faculty members to teach the same course to set same questions for various students.
3. Conducting standard exams.
4. Meetings are conducting with teachers for checking the grading of the exams
5. Providing samples of all kind of assessment in the departmental course portfolio of each course
5 Describe the planning arrangements for periodically reviewing course effectiveness and planning for improvement.
1. Teachers’ survey 2. Students’ survey
3. The course material and learning outcomes are periodically reviewed and the changes to be made are approved by the department and the higher council.
4. The head of the department and faculty members take the responsibility of implementing the proposed changes.
Tree for Pre – Requisite Course Department of Accounting
ACCT 103
Principles of Financial Accounting
ACCT 327
Govt. Accounting for Non-Profitable Firms
ACCT 217
Intermediate Accounting –I
ACCT 104
Principles of Management Accounting
ACCT 332
Zakat & Tax Accounting
ACCT 232 Cost Accounting ACCT 218 Intermediate Accounting-II ACCT 431 Managerial Accounting 15 from ACCT ACCT 301 Advanced Accounting ACCT 496
Research Project –I
ACCT 457
Auditing
ACCT 497
